The report on Aircraft Lighting Market will help Major Players and the new entrants to understand scrutinize the market in detail. This information will encourage the Major Players to decide their business strategy and achieve proposed business aims.
Pune, Maharashtra -- (SBWIRE) -- 03/05/2019 -- The Aircraft Lighting Market to 2025 – Global Analysis and Forecasts by System Type (Cockpit Console Lights, Cabin Lights, Cargo Lights, Seat Proximity Lights, and Others); Technology (Traditional Lights, LED Lights, OLED Lights, and Others); Light Type (Interior Lights and Exterior Lights); Fit Type (Line Fit and Retro Fit); Aircraft Type (Fixed Wing Aircrafts and Rotary Wing Aircrafts); End User (Commercial and Military); and Geography - Global Analysis and Forecast.
Global aircraft lighting market is expected to grow from US$ 2.21 Bn in 2017 to US$ 3.03 Bn by 2025 at a CAGR of 4.2% between 2018 and 2025.
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Aircraft lighting market is experiencing a high growth throughout the globe, driven by growth in the production of aircrafts, demand for efficient aircraft lights, and advancement in the lighting to deliver hassle free experience to its passengers. Moreover, with the steady growth in the GDP of countries, growth in middle-level income class group, adoption of air transportation in increasing among the users. These factors are anticipated to drive the aircraft lighting market during the forecast period.
Aircraft lighting system plays a vital role in the overall functioning of aircraft and it also adds aesthetically to the design of the aircraft. Lighting has a significant impact on the cabin environment and enhances the interior of the aircraft. There is continuous development in improving overall look and design of interior & exterior lighting system for airplanes. Air travel companies are more inclined towards installing LED lighting instead of conventional incandescent, halogen, and fluorescent tube systems considering the overall savings in the maintenance of aircraft. Technological developments are essential for continuously driving the market as the demand for lights migrate from incandescent to LED lights and other modern-day solutions. Thus, manufacturers in the aircraft lighting market are focused on developing novel systems that facilitate ease in installation, long life provides lower maintenance, and weight savings of the aircraft.
The key players operating in the Aircraft Lighting market includes Honeywell International Inc., Cobham PLC Zodiac Aerospace, STG Aerospace Ltd., Rockwell Collins, Diehl Stiftung & Co. KG, Astronics Corporation, Oxley group, United Technologies Corporation, and Bruce Aerospace among others.
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The global aircraft lighting market is segmented on the basis of end users which is fragmented into commercial and defense. The commercial end-user is generating high amount of revenue from the aircraft lighting market followed by defense segment. In a current scenario, designers of airline lighting are looking ahead to bring innovations in lighting solutions with an aim to increase the satisfaction level of passengers. Moreover, commercial segment is growing at a highest CAGR and is anticipated to dominate the market by 2025. In addition to this, with the high usage of aircrafts for commercial purpose due to high income level of individuals and more comfort, safety and reliability in these aircrafts plays a vital role. Also, in order to provide hassle-free experience to its customers, interior lights of aircrafts is brighter than jet way.
Aircraft lighting market operates in a highly fragmented industry with large number of local players capturing market place. Key players in the market are collaborating with other providers of aircraft lighting to gain high market share.
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